The Brandes Institutional Global Equity Fund (ticker: BIIEX) is a new fund, while the Brandes Institutional International Equity Fund (ticker: BGVIX) is an existing fund that has reopened since being closed to new investors on September 30, 1998.
“In the wake of significant equity market declines over the past year, we believe the number of extremely undervalued investment opportunities around the world is higher than it’s ever been in our firm’s nearly 35-year history,” Ed Blodgett, Director – Private Client Group said. “It’s an exciting time to be a long-term investor, and we see this as an exceptional opportunity for existing and new clients to pursue competitive future returns.”
According to the announcement, investments for these equity funds will be based on the decisions of Brandes’ investment committees. “Brandes uses a team approach to investment management, reflecting knowledge shared among seasoned investment professionals, rather than the reliance on a single individual,” Blodgett added.
Brandes managed approximately US$69.7 billion on behalf of institutional and individual investors, as of September 30, 2008.
More information is available online at http://www.brandes.com.